Eurozone Consumer Confidence Plummets

In a startling revelation, the European Commission's preliminary report indicates a significant drop in consumer confidence across the Eurozone this April. The confidence index is expected to fall to a worrying negative 16.7, down from March's already low negative 14.5.

A Wider EU Perspective

The trend isn't isolated to the Eurozone alone. Across the broader European Union, consumer sentiment is also on a downward trajectory, with the indicator decreasing by 2.1 percentage points month-on-month to negative 16.

Historical Lows and Future Concerns

Both indices have "moved further away" from their long-term averages, signaling a troubling shift in consumer sentiment. This April's figures are predicted to mark the lowest points in the past 18 months, raising concerns about the economic outlook in the region.